MediaAlpha (NYSE:MAX) Stock: Insider Kuanling Amy Yeh Sells 25,000 Shares

MediaAlpha, Inc. (NYSE:MAX) CTO Kuanling Yeh sold 25,000 shares of the stock in a transaction on Friday, October 30th. The shares were sold at an average price of $14.47, for a total transaction of $361,750.00. Following the transaction, the chief technology officer owned 518,091 shares in the company, valued at $7,496,776.77. This trade represents a 4.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Kuanling Amy Yeh also recently made the following trade(s):

• On Monday, November 2nd, Kuanling Yeh sold 25,000 shares of MediaAlpha stock. The stock was sold at an average price of $14.91, for a total transaction of $372,750.00.
• On Friday, October 16th, Kuanling Yeh sold 3,000 shares of MediaAlpha stock. The stock was sold at an average price of $11.77, for a total transaction of $35,310.00.
• On Friday, September 25th, Kuanling Yeh sold 3,000 shares of MediaAlpha stock. The shares were sold at an average price of $9.40, for a total transaction of $28,200.00.
• On Friday, September 4th, Kuanling Yeh sold 3,000 shares of MediaAlpha stock. The stock was sold at an average price of $12.00, for a total transaction of $36,000.00.
• On Friday, August 14th, Kuanling Yeh sold 12,000 shares of MediaAlpha stock. The stock was sold at an average price of $13.55, for a total transaction of $162,600.00.

MediaAlpha Stock Down 0.9%

NYSE:MAX opened at $15.02 on Thursday. The company has a market capitalization of $920.00 million, a price-to-earnings ratio of 8.25 and a beta of 1.12. MediaAlpha, Inc. has a one year low of $7.09 and a one year high of $15.99. The stock has a 50-day simple moving average of $11.40 and a 200 day simple moving average of $10.71. The company has a debt-to-equity ratio of 8.49, a quick ratio of 1.32 and a current ratio of 1.32.

MediaAlpha (NYSE:MAX) last announced its quarterly earnings data on Wednesday, October 28th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.18. MediaAlpha had a negative return on equity of 994.23% and a net margin of 8.35%. The firm had revenue of $375.95 million during the quarter, compared to analyst estimates of $347.93 million. Sell-side analysts predict that MediaAlpha, Inc. will post 1.47 EPS for the current fiscal year.

More MediaAlpha News

Here are the key news stories impacting MediaAlpha this week:

• Positive Sentiment: MediaAlpha’s third-quarter results beat expectations, while its earnings call highlighted broadening insurance demand. Growth in home insurance, increased spending by insurance carriers, and AI tools supporting marketplace gains could bolster the company’s outlook. Read the article
• Neutral Sentiment: Several insiders, including Director Eugene Nonko, insider Steven Yi, and CTO Kuanling Yeh, reported selling shares. Some transactions were conducted under pre-arranged Rule 10b5-1 plans, and filings cite tax withholding on vested equity awards, which may make the sales less indicative of a change in confidence. Still, the volume of sales could draw investor attention. View the SEC filing

Hedge Funds Weigh In On MediaAlpha

Several hedge funds and other institutional investors have recently made changes to their positions in MAX. Bank of America Corp DE grew its holdings in MediaAlpha by 380.9% in the 1st quarter. Bank of America Corp DE now owns 279,704 shares of the company’s stock worth $2,601,000 after buying an additional 221,540 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in MediaAlpha by 94.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 620,669 shares of the company’s stock valued at $5,773,000 after acquiring an additional 300,871 shares in the last quarter. Jacobs Asset Management LLC raised its stake in MediaAlpha by 31.1% during the 1st quarter. Jacobs Asset Management LLC now owns 924,443 shares of the company’s stock valued at $8,597,000 after acquiring an additional 219,144 shares in the last quarter. Globeflex Capital L P bought a new stake in MediaAlpha during the 2nd quarter valued at $702,000. Finally, Principal Financial Group Inc. raised its stake in MediaAlpha by 288.7% during the 1st quarter. Principal Financial Group Inc. now owns 137,613 shares of the company’s stock valued at $1,280,000 after acquiring an additional 102,210 shares in the last quarter. 64.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Wall Street Zen lowered MediaAlpha from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 31st. Royal Bank Of Canada raised their price objective on MediaAlpha from $15.00 to $17.00 and gave the stock an “outperform” rating in a research note on Thursday, October 29th. Weiss Ratings upgraded shares of MediaAlpha from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. Zacks Research lowered shares of MediaAlpha from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 21st. Finally, Keefe, Bruyette & Woods increased their target price on shares of MediaAlpha from $15.00 to $17.00 and gave the stock an “outperform” rating in a report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, MediaAlpha has an average rating of “Moderate Buy” and a consensus target price of $14.71.

About MediaAlpha

MediaAlpha, Inc operates a technology platform that helps insurance carriers and distributors acquire customers through digital channels. Its marketplace connects consumers who are shopping for insurance with providers seeking qualified prospects, using data, analytics and automated systems to facilitate the matching process.

The company’s platform supports customer acquisition across insurance categories, including property and casualty products such as auto and home insurance, as well as health, life and Medicare-related coverage.